THIS FROM 'MONEY AND MARKETS'

U.S. government debt has almost doubled, soaring by at least $9.7 trillion in IOUs.
Another $3 trillion in debt may be issued in the next few months in additional bailout plans.
The U.S. banking system will effectively be nationalized.
Large swaths of the private residential real estate market in the U.S. will effectively be nationalized.
The price of gold has jumped from $737 to over $900 an ounce, a gain of more than 22%!
And what has the dollar done? The international value of the U.S. dollar remains a mere 16% above its recent record low.
In other words ...
With all the panic liquidation you're hearing about ...
With all the massive pay down of debt that is occurring ...
With all the movement of money into cash and the alleged safety of the U.S. dollar that you're hearing so much about ...
With foreign currencies like the pound and the euro plunging ...
I strongly suggest you listen to the markets and what they're telling you about the dollar: Its value is headed much, much lower.
The U.S. dollar has only been able to eke out a minuscule 16% rally off its record lows!
This action in the dollar is absolutely pathetic under these circumstances. I strongly suggest you listen to the markets and what they are telling you about the dollar.
The value of the dollar is headed much, much lower. Either the markets will depreciate the dollar naturally, or the G-20 will eventually replace the dollar as the world's reserve currency.
That is what the action in the dollar is telling you. That is also what the bursting bond bubble is telling you.
And it is also why you will soon see tremendous rallies in certain assets — namely blue-chip stocks and commodities.
Best wishes,
Larry
CHECK MY BLOG: http://whysilverandgold.blogspot.com/

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ARE WE FOLLOWING JAPAN?

Published in the New York Post on February 9, 2009
From Nouriel Roubini, the economist who most closely predicted the current mess, comes a warning couched in economic jargon that needs to be deciphered and publicized.In a column on Forbes.com, Roubini warns that the United States, in its response to the economic crisis, may be following in the disastrous footsteps of Japan - whose sluggish and overly lenient response to a financial crisis led to a decade of economic misery.In economic jargon, Roubini warns: The "market-friendly, case-by-case approach to the necessary debt reduction of insolvent private non-financial agents - corporate for Japan, households for the US - will be too slow." He calls for an "across-the-board debt reduction" - lest we be condemned to a "systemic debt overhang."

In English, this means that by helping people to stay in homes they can't afford, buy cars beyond their means, pay for college through loans - in short, to acquire goods and services on credit they can't sustain -we are doing them no favors. Instead, we're assuring that debt will "overhang" their lives like a vulture sitting on a branch, inhibiting their buying habits and inhabiting their nightmares.But if we force an "across-the-board debt reduction" that makes them move out of their overpriced homes, trade in their luxury cars, transfer to state colleges - and, if necessary, escape from under their credit-card debt via bankruptcy, we can eliminate the "overhang" and let them and our nation get on with their lives.



FOR ONE WAY OF PROTECTION, AND A MAJOR ONE AT THAT, PROTECT YOURSELF WITH SILVER AND GOLD HOLDINGS:

See http://whysilverandgold.blogspot.com/



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HE IS TELLING THE TRUTH ABOUT THIS!

Every time we turn around, this guy is bad-mouthing the economy. Is that lifting our spirit or dumping on it in order to sell his tax cut?" liberal comentator Bill Press said on CNN. Newsweek's Jonathan Alter, in an article headlined "Thanks Ever So Much, President Poor-Mouth," said, "Even if Bush turns out to be right in his predictions of gloom, that doesn't mean he was right to make them." The New York Times lectured Mr. Bush, saying that presidents were supposed to be "cheerleaders for the nation's economy."

But Mr. Bush tried that, too. As the United States recovered from the economic devastation caused by the 9/11 attacks, the president constantly talked up the economy, asserting that the American work force could compete with any in the world, and he assured Americans that happy days were right around the corner. Even as the currrent recession took hold, he continued to portray the nation's future in optimistic tones.

For all his effort, he was portrayed as a Pollyannish rube whose naivete so clouded his vision that he could not see the stark reality of the economic situation. How else to explain his optimism in the face of $4-a-gallon gas or exploding unemployment, or presidential statements a year ago, such as "I don't think we're headed to a recession, but no question we're in a slowdown."

Mr. Obama has gone much further than that. Just Friday, Mr. Obama said a report that 600,000 jobs were lost in January meant "it's getting worse, not getting better. ... Although we had a terrible year with respect to jobs last year, the problem is accelerating, not decelerating." Last week he said, "A failure to act, and act now, will turn crisis into a catastrophe."

But he isn't the only Democrat ramping up the rhetoric while talking down the economy. House Speaker Nancy Pelosi of California said last month that our economy "is dark, darker, darkest." Rep. David R. Obey of Wisconsin said, "This economy is in mortal danger of absolute collapse." And Sen. Claire McCaskill of Missouri said of the economic-stimulus bill, "If we don't pass this thing, it's Armageddon."

Wow, Barak Obama is telling it like it is about the economy and the vast majority don't want to hear the truth. THE DOLLAR IS FAILING! It is fiat money, paper money like Monopoly money. ALL PAPER MONEY SYSTEMS HAVE FAILED!! To protect yourself, check out the following in order of 1 and 2:

http://Whysilverandgold.blogspot.com
http://www.SilverTornado.com/?dewein

ECONOMIC PAIN!

How Much More Economic
Pain Is Yet to Come?

The answer: A whole lot more!

In fact, the usually upbeat International Monetary Fund expects things to get much worse.

The IMF dropped its forecast for global economic growth to a measly 0.5% for 2009 — the weakest pace since World War II. What's more, that's a drastic reduction from the 2.2% growth the IMF had predicted as recently as November.

An IMF spokesperson said:

"Unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth."

Even China, the economic juggernaut, is rapidly slowing down. Fourth quarter growth fell to 6.8%, barely half the 13% growth the Chinese economy enjoyed in 2007.

See http://Whysilverandgold.blogspot.com
http://twitter.com/WhySilver
http://twitter.com/WhyGold

BE HAPPY!

BE HAPPY!
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO Please try to remember to repeat this sentence to yourself ALL DAY today, here and there ...
In every odd moment you can ...
That's your goal with each sentence Every Day. Repeat it, repeat it, repeat it.
Breathe it in, and breathe it out.
OK, So what does this particular affirmation really mean?
What does it mean to be Really Happy with Who You Are? And with what You Do?
For me, sometimes I find it to be a challenge.Sometimes those negative voices inside me just want to "have their way" with me.
This affirmation helps me to get grounded. To get solid. What about you?
What might be possible for you if you REALLY FELT This Affirmation Strongly? REALLY BELIEVED IT? You don't "have to" believe it yet ... At least not all the time!But it could be a nice place to begin, Couldn't it?
So, Try telling yourself this affirmative statementall day long today, and whenever you can in the future.
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO
I'm looking forward to talking with you again soon! "YOU ARE A Miracle!"